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For companies that manage separate accounts for payroll, petty cash or other purposes, a Zero Balance Account (ZBA) increases account control and reduces administrative expenses. Specific benefits include:
Eliminate the need to track balance levels and funding requirements
Minimize risk of overdraft fees
Invest excess funds in the central operating account to increase returns
A Zero Balance Account links your main operating account to one or more disbursement accounts. All of the company's funds are concentrated into one operating account, and disbursements are made to/from subsidiary accounts. At the end of each banking day, the system nets all debits and credits made to the disbursement account. If the net is negative, an automatic transfer from the operating account to the disbursement account brings the balance to zero (or an amount you predetermine). If the net is positive, the balance is automatically transferred to the operating account. Zero Balance Accounts eliminates the time spent on manually funding subsidiary accounts.
For more information about Zero Balance Accounts, contact our Treasury Management specialists at 414.466.8000.